# Table 8: Baseline by Governance Quintile

| Quintile | Gov range | Mean gov | N_c | Z₁ | SE | p-val | R² | %CCA | %Transition |
|---|---|---|---|---|---|---|---|---|---|
| Q1 | [-1.97, -0.82] | -1.13 | 46 | 73.98** | 35.17 | 0.0359 | 0.1535 | 17.8% | 17.8% |
| Q2 | [-0.82, -0.44] | -0.63 | 53 | 123.02*** | 37.07 | 0.0010 | 0.2159 | 20.5% | 22.8% |
| Q3 | [-0.44, 0.03] | -0.22 | 47 | 109.96*** | 21.54 | 0.0000 | 0.3520 | 16.4% | 27.0% |
| Q4 | [0.04, 0.87] | 0.44 | 43 | -45.48 | 28.69 | 0.1135 | 0.5370 | 2.3% | 30.0% |
| Q5 | [0.87, 2.18] | 1.50 | 34 | 34.81 | 31.16 | 0.2645 | 0.2913 | 0.0% | 9.6% |